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the other side said i think if we go over the fiscal cliff it will help republicans. that would be stupid. absolutely stupid. if you care more about your party than your country, we will never make it. so you get in there and you do that negotiation. you know damn well, if anybody doesn't think taxes are going to go up for the rich, the drinks are on me. anybody with a brain knows that this guy, obama, that is his only insistence. but no someone favor -- go look at the tax code. that is what we spent eight months doing. looking at this code. in there is $1,100 ,000,000 of tax expenditures, tax earmarks spending by any other name. guess what? 20% of the american people use 80% of it. who do you think that is? that is you and me and the guys with money. only 27% of the american people itemize. that means three-quarters of the american people never heard of those goodies. so if you want to get something from the rich, just go in to the tax code and start ripping. you don't have to call at it tax increase. it will take time to do. that is where you get your scratch. >> br
the other side said i think if we go over the fiscal cliff it will help republicans. that would be stupid. absolutely stupid. if you care more about your party than your country, we will never make it. so you get in there and you do that negotiation. you know damn well, if anybody doesn't think taxes are going to go up for the rich, the drinks are on me. anybody with a brain knows that this guy, obama, that is his only insistence. but no someone favor -- go look at the tax code. that is what we...
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this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is
this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather...
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Dec 5, 2012
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. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly on them. acting as spoiled children that hold this country ransom does not help them with any of the demographics that reelected this house, increased the number of democrats in the house or the senate. >> the tea party might say we won one and we lost one. we won 2010. we lost 2012 because we were too moderate. we had a meally mouth nominee-- >> i believethey're in a position-- >> if they act like real conservatives, real nut jobs, then we're proven right. they're blinded by their own ideology. >> i'm not surprised that a party who does not believe in evolution has o
. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly...
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cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. >> so do you agree with the obama administration's decision to go over the cliff if tax rates on the wealthy don't increase? you can join the "news nation" on facebook. we're at facebook.com/newsnation. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take an extra 10 percent off storewide, now through sunday. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. that's what may help lower your cholesterol and -- well that's easy restore revive rejuvenate rebuild rebuild rebuild >>> there's so much going on today. new jersey governor chris christie met with president obama this morning to request fed
cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. >> so do you agree with the obama administration's decision to go over the cliff if tax rates on the wealthy don't increase? you can join the "news nation" on facebook. we're at facebook.com/newsnation. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the...
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the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting
the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for...
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Dec 4, 2012
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how damaging is the fight over the fiscal cliff to the republican party right now? let's take a look at what conservative commentator bill krystal said on fox. >> the republicans are at real risk in my view now of looking like they are defending -- keeping the current tax rates for the wealthy. at the end of the day president obama is selling a simple message, i want to keep taxes low for middle class americans, and republicans look like -- i'm worried they're in the position of looking this, if they don't care about the middle class and want to keep tax rates low for wealthier americans. >> yes or no, is he right? yes or no? >> i don't think so. it's far too easy. >> he's right. democratic strategists are giddy. for two years they've been trying to make this argument, the republicans are going to hold up -- >> let me go back. i think he's wrong. i think ultimately if we don't get a deal, it's bad for president obama, bad for his legacy, and bad for democrats. >> i think you're right, but i also think that your party lost this election, they should act accordingly,
how damaging is the fight over the fiscal cliff to the republican party right now? let's take a look at what conservative commentator bill krystal said on fox. >> the republicans are at real risk in my view now of looking like they are defending -- keeping the current tax rates for the wealthy. at the end of the day president obama is selling a simple message, i want to keep taxes low for middle class americans, and republicans look like -- i'm worried they're in the position of looking...
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two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
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how much do you think fiscal cliff was coming up during their golf rounds? >> i'm sure they talked about it because president clinton is a political wonk. what bill clinton showed during his presidency is that there's a way to show common ground with republicans who hate you. they impeached bill clinton but made a deal. they made a deal that was nor the right of where most democrats are. this president has a unique opportunity to make a deal for more towards his left. remember dick cheney said to -- speaking of sequels. remember when dick cheney said you got the high approval ratings you can spend them on the iraq war. republicans what they want is the president to spend some of his popularity and put out unpopular ideas for cuts. democrats don't have an incentive to do that. >> big news. stand by. my thanks. in need to pass along this breaking news from across the pond. we're just learning that prince william and kate middleton are expecting. this is news from clarence house. they will be having their first baby. nbc news is working further to confirm this
how much do you think fiscal cliff was coming up during their golf rounds? >> i'm sure they talked about it because president clinton is a political wonk. what bill clinton showed during his presidency is that there's a way to show common ground with republicans who hate you. they impeached bill clinton but made a deal. they made a deal that was nor the right of where most democrats are. this president has a unique opportunity to make a deal for more towards his left. remember dick cheney...
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Dec 7, 2012
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jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the storm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably
jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the storm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff,...
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thank you. >>> it may be the republicans biggest weapon in the fiscal cliff debate and democrats are trying to remove it permanently. this week, treasury secretary timothy geithner took a proposal to gop leaders that significantly restrict congress' authority over the debt limit. house speaker john boehner pushing back maintaining a debt ceiling increase would need to be matched by spending cuts. >> if we're going to talk about the debt limit in this, then, there's going to be some price tag associated with it. i continue to believe that any increase in the debt limit has to be aacademied by spending reductions that meet or exceed it. >> joining me now, political anchor "new york one news" and co-editor of "scandals, tragedies and trumps triumphs." senior ederter for politics and news at yahoo! news. she has become a weekend pal. thanks for being back with us, both of you. let's start with the debt limit, we're talking about the debt limit, again. do republicans believe this is their ace in the hole? >> i sure hope they don't. i think the president has the stronger hand on this. numb
thank you. >>> it may be the republicans biggest weapon in the fiscal cliff debate and democrats are trying to remove it permanently. this week, treasury secretary timothy geithner took a proposal to gop leaders that significantly restrict congress' authority over the debt limit. house speaker john boehner pushing back maintaining a debt ceiling increase would need to be matched by spending cuts. >> if we're going to talk about the debt limit in this, then, there's going to be...
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for all those at home who want to see republicans and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle, u.s. congressman lee terry, a republican from nebraska, and u.s. congressman jerry connolly, a democrat from nearby southern virginia. but first, i want to start with you. you told the "omaha world herald" this about republicans, we're screwed either way. we have no leverage in these discussions. congressman, what did you mean by that? >> what i mean by that is that the president wants us to take a tax vote before he's willing to talk about anything else cutting or reforming, and republicans just aren't going to do that. so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense
for all those at home who want to see republicans and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle, u.s. congressman lee terry, a republican from nebraska, and u.s. congressman jerry connolly, a democrat from nearby southern virginia. but first, i want to start with you. you told the "omaha world herald" this about republicans, we're screwed...
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i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay.
i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those...
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so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a tral dollars in ten years of entitlements. he's talked along those lines. if he doesn't give you a definition and details by the time you go to vote, obviously you won't vote for it. what's your risk? he's got to get in the pot, too, with his part of the deal. well before the end of the year. >> yeah, i think he wins by playing the political games because -- >> what game? >> you've met -- well, the setting up -- saying that we have to take a tax vote before he's even willing to discuss anything else. >> you said he wants to vote on that without the package being prepared. >> well, that's right. he wants us -- he said that the other day, that he wants us to take that tax vote to prove our sincerity. well, i'll te
so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a tral dollars in ten years of entitlements. he's talked along those lines. if he doesn't give you a definition and details by...
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, the dreaded fiscal cliff can be resolved. songman john yarmouth is a democrat from kentucky, the same state that mr. mcconnell, the senate minority leader, represents. good afternoon, sir. exactly what will it take to get republicans to play ball on this? do you have any idea, sir? you're there. what do they want? >> obviously it keeps changing. what's really clear right now is that they're trying to throw in all sorts of ancillary issues in this fiscal cliff debate and they have nothing to do with it. medicare, medicaid, social security, don't have anything to do with the fiscal cliff and neither does the debt ceiling. this is strictly a matter of statutory provisions that go into effect on january 1st, but they want to burden up this and muddy the water to basically, i think, to refuse to do a deal. >> right. because over in the senate, as i was saying, mitch mcconnell is refusing to even consider the president's proposal to maintain the bush tax cuts for those earning less than $250,000 a year, but to raise taxes on those
, the dreaded fiscal cliff can be resolved. songman john yarmouth is a democrat from kentucky, the same state that mr. mcconnell, the senate minority leader, represents. good afternoon, sir. exactly what will it take to get republicans to play ball on this? do you have any idea, sir? you're there. what do they want? >> obviously it keeps changing. what's really clear right now is that they're trying to throw in all sorts of ancillary issues in this fiscal cliff debate and they have...
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. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we hav
. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are...
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the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see
the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to...
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president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted effort from the white house is very clear. here's white house press secretary jay carney. >> what will produce a deal is an acknowledgement by republicans, republican leaders, that rates on the top 2%, the wealthiest americans, have to rise. there is no deal without that acknowledgement, and without a concrete,
president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the...
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plus, the fiscal cliff standoff with republican congressman tom cole and former treasury official robert alman. senator maria can'twell tackles the spike on the east coast. "andrea mitchell reports" is up next. how? they work with vmware to provide virtualization and cloud solutions tailored to a company's unique i.t. needs. so, you're my caddy. what solution would you provide for me now? well, you're 30 yards away from the green. you've got a bunker to the left of you and a bunker to the right of you. and remember, this is client golf. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself..
plus, the fiscal cliff standoff with republican congressman tom cole and former treasury official robert alman. senator maria can'twell tackles the spike on the east coast. "andrea mitchell reports" is up next. how? they work with vmware to provide virtualization and cloud solutions tailored to a company's unique i.t. needs. so, you're my caddy. what solution would you provide for me now? well, you're 30 yards away from the green. you've got a bunker to the left of you and a bunker to...
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prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonde
prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle...
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do the democrats risk getting blamed if we go over the fiscal cliff now that there is a counter offer from the gop? >> that's the interesting question. connects with what ezra was talking about. do the actual sacrifices happen in your backyard and do they happen in the backyard of wealthy people who are a big part of the base of both of these parties let's be honest. you quoted mark thiessen quoting biggy smalls saying don't get high on your own supply. >> thank you for the rap encyclopedia acknowledgement. never sell no crack where you rest at. >> you planned that. you wrote that down. >> i write a lot of things down. >> go ahead. i'm sorry. >> but that notion that we know from politics which is not in my backyard. i think ezra is right. we have to look at where the bulk of these things are happening and understand why they're not serious. wealthy people do a lot of estate and charitable planning. the charitable deduction thing is not going to happen. it's also a terrible idea -- >> i mean independent of the people for the charities themselves. >> that was my second point. it's a ter
do the democrats risk getting blamed if we go over the fiscal cliff now that there is a counter offer from the gop? >> that's the interesting question. connects with what ezra was talking about. do the actual sacrifices happen in your backyard and do they happen in the backyard of wealthy people who are a big part of the base of both of these parties let's be honest. you quoted mark thiessen quoting biggy smalls saying don't get high on your own supply. >> thank you for the rap...
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are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re entering very unchartered waters. who knows how the markets will react, what will happen -- i hope we don't have to go over. >> and it could hit almost every single american, which is why when people are watching this, they're so frustrated they can't do what the american people want them to do. so are you telling me that congress needs a deadline and likes to go up to the deadline, is it posturing? >> no, the world is run by deadlines, you know, it's human nature not to do when you know what you should until you get closer to that deadline. it would be better if we work right now, and we are working now, but deadlines help. >> we're all watching in th
are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go over it. if we don't go over,'re entering very unchartered waters. who knows how the markets will react,...
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. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> de
. >> tonight, richard wolffe on today's nonsense from republicans and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank...
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over the looming fiscal cliff. our white house correspondent dan lothian caught up with the family just after the president left. dan is joining us now with the latest. how did it go, dan? >> reporter: well, wolf, the white house believes it went well. we've seen the president use this strategy before when he's locked in battle with republicans. he takes his message on the road. white house spokesman jay carney saying there are no announcements about face-to-face meetings or phone calls. for now this is how we see the president negotiating. it's a negotiating tactic that president obama always keeps in his tool kit, head to a backyard or living room, sit down with families who say his approach offers economic relief and send a loud message to congress with a personal touch. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: this time the scene played out in falls church,
over the looming fiscal cliff. our white house correspondent dan lothian caught up with the family just after the president left. dan is joining us now with the latest. how did it go, dan? >> reporter: well, wolf, the white house believes it went well. we've seen the president use this strategy before when he's locked in battle with republicans. he takes his message on the road. white house spokesman jay carney saying there are no announcements about face-to-face meetings or phone calls....
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averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is
averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok....
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Nov 30, 2012
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our nations capital right now as the leaders lead leaders raftal over the fiscal cliff. we have the good guys, fansing off, of course against the bad guys, the republican and then there is the ugly the rabid right wing that threatens to derail the whoa process. it might seem like the dueling factions will need reach an agreement. but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for everything. that, ladies and gentlemen is transactional politics at its finest. what will you give me to get what you want? so, today president obama dispatched his top economic advisor, his deputy to find out exactly what that price is. and that's treasury secretary timothy geithner net with the top four congressional leaders pelosi, ma con el, mcconnell and reid and he brought a specific plan from the white house with him. that plan from the president in trying to resolve the fiscal cliff asks for, $1.6 trillion in new revenue. and that's supposed to come from raising taxes on the we
our nations capital right now as the leaders lead leaders raftal over the fiscal cliff. we have the good guys, fansing off, of course against the bad guys, the republican and then there is the ugly the rabid right wing that threatens to derail the whoa process. it might seem like the dueling factions will need reach an agreement. but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for...
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Dec 6, 2012
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if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and he's totally rejected that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a half to one and republicans can negotiate it to two or two and a half to one, i mean, that would be an adult, mature, sensible negotiation. the kind that i used to do
if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him...
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proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the news live at 5:30 here at 30 rock in new york city. this morning, president obama departs to pennsylvania where he will continue his campaign sales pitch on how to solve the country's fiscal challenges. yesterday treasury secretary tim geithner met with republicans to unveil the white house's budget proposal which includes $1.6 trillion in new tax revenue over ten years as well as $50 billion in additional stimulus spending. with limited details on spending cuts, the gop's reaction, less than encouraging. senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining ob
proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the...
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a detailed plan to avoid the fiscal cliff. it included $1.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking shape behind the scenes. it includes most of the same details the white house has in its proposal. according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i w
a detailed plan to avoid the fiscal cliff. it included $1.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks....
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the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitlement saving including raising the medicare requirement to 67, nearly twice what the white house called for. the gop plan changes how social security be
the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have...
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another week lost in the race to stop the country from going over the fiscal cliff. what the speaker didn't say in a news conference today could potentially be very significant. let's bring in our senior congressional correspondent, dana bash. >> reporter: reckless was the strong word the speaker used to describe timothy geithner's statement that he is willing to go over the cliff if republicans don't give on tax rates for the wealthy. i am told by a congressional source familiar with the talks they only had four, four staff level negotiations on the issue of the fiscal cliff, and that's why the speaker says the president is slow walking the issue. the house speaker ended the week with a progress report. none. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone only once all week and it didn't produce much. >> just more of the same. it is time for the president if he's serious to come back with a counteroffer. >> reporter: what may have been
another week lost in the race to stop the country from going over the fiscal cliff. what the speaker didn't say in a news conference today could potentially be very significant. let's bring in our senior congressional correspondent, dana bash. >> reporter: reckless was the strong word the speaker used to describe timothy geithner's statement that he is willing to go over the cliff if republicans don't give on tax rates for the wealthy. i am told by a congressional source familiar with the...
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to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> wha
to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i...